Apr 02, 2012, 11.31 AM IST | Source: Moneycontrol.com

Start of a fresh up move: Mohit Gaba

The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards, says Technical Analyst, Prakash Gaba.

Technical Analyst, Mohit Gaba:

The Nifty opened gap up and continued to move higher throughout the day. A strong bullish day! A further up move is expected towards 5500 levels. The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards. We could see the Bank Nifty outperform the Nifty over the next week. Hence we can go long.

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

83529.97 200.44 0.24%

2988

Bought today

3149

Sold today

0.88%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.